Centretown, Ottawa - August 2026 Real Estate Report

Centretown Real Estate Check-In: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you own in Centretown, here is the honest picture. The market is taking a breather, but it is not falling apart. Houses and condos are telling two different stories this season, and knowing which one applies to your property could be worth tens of thousands of dollars.

Houses: Solid Ground, But Watch the Trend

The average HonestDoor Price for a house in Centretown sits at $1,000,636. That is down 2.55% from the previous period, and the 3-month moving average of $1,046,458 confirms we are drifting slightly lower. The predicted market value right now is $1,026,867. Not a crash - a correction. Think of it as the market catching its breath after a strong run.

• Average HonestDoor Price: $1,000,636
• Predicted Market Value: $1,026,867
• 3-Month Moving Average: $1,046,458
• Recent Price Change: -2.31%
• Estimated Monthly Rent: $4,225
• Rental Yield: 4.72%
• Neighbourhood Growth Rank: 83 out of 100 in Ottawa

That growth rank of 83 out of 100 puts Centretown houses near the bottom of the Ottawa leaderboard right now. That does not mean your house is a bad asset - it means the momentum has slowed compared to other parts of the city. If you are a landlord, a 4.72% rental yield is a respectable return. And if short-term rentals are on your radar, Centretown ranks 24th in Ottawa for Airbnb potential at roughly $206 per night.

Condos: A Different Story - And a Better One

Condo owners in Centretown, we have some good news. While houses are dipping, condos are actually ticking upward. The predicted market value is $582,040, which is above the 3-month moving average of $570,785. That is a 1.07% recent gain - small, but it is moving in the right direction.

• Average HonestDoor Price: $571,112
• Predicted Market Value: $582,040
• 3-Month Moving Average: $570,785
• Recent Price Change: +1.07%
• Estimated Monthly Rent: $2,729
• Rental Yield: 3.73%
• Neighbourhood Growth Rank: 53 out of 104 in Ottawa

A growth rank of 53 out of 104 puts Centretown condos right in the middle of the pack - below average, but not a laggard. Compared to neighbours, Centretown condos are priced above both Lebreton Development ($578,388) and West Centretown ($505,141). You are holding your own. Airbnb potential comes in at around $133 per night, ranking 31st in Ottawa - decent for a downtown address.

The Secret Sauce: Your HonestDoor Price vs. Your Tax Assessment

Here is why this matters right now. The City of Ottawa's property assessment is a snapshot frozen in time. It does not update with the market every month. The HonestDoor Price does. It pulls in real-world sales data, current market signals, and live comparable properties to give you a number that actually reflects today - not two or three years ago.

For a Centretown house owner, the gap between your city assessment and your HonestDoor Price could be significant. If your assessment is low, you might be leaving money on the table when you sell. If it is high, you could be overpaying on property taxes. Either way, checking your HonestDoor Price right now costs you nothing and could change how you think about your biggest asset.

So What Does This Mean If You Are Thinking About Selling This Summer?

For house owners - timing matters more than it did a year ago. Prices are softer and the 3-month trend is pointing down. That does not mean panic-sell, but it does mean do not wait around assuming values will climb back on their own. If you were planning to list this summer, sooner is probably smarter than later.

For condo owners - you are in a slightly better spot. Values are nudging up and you are outpricing some nearby neighbourhoods. A well-priced listing in a building with strong amenities could move quickly, especially with renters and first-time buyers still active in the downtown core.

Either way, the first step is the same. Pull your HonestDoor Price, compare it to what you think your home is worth, and use that as your starting point - not a number a government office calculated years ago.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.